New York State Teachers Retirement System Sells 16,609 Shares of Federated Hermes, Inc. (NYSE:FHI)

New York State Teachers Retirement System lowered its position in Federated Hermes, Inc. (NYSE:FHI - Free Report) by 13.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,953 shares of the company's stock after selling 16,609 shares during the quarter. New York State Teachers Retirement System owned 0.14% of Federated Hermes worth $4,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in Federated Hermes in the first quarter valued at approximately $2,584,000. Diversified Trust Co boosted its holdings in shares of Federated Hermes by 7.7% during the 1st quarter. Diversified Trust Co now owns 8,807 shares of the company's stock worth $359,000 after buying an additional 629 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of Federated Hermes during the 1st quarter worth approximately $2,635,000. Asset Management One Co. Ltd. bought a new position in shares of Federated Hermes during the 1st quarter worth approximately $120,000. Finally, Blue Trust Inc. boosted its holdings in shares of Federated Hermes by 9.3% during the 1st quarter. Blue Trust Inc. now owns 5,314 shares of the company's stock worth $217,000 after buying an additional 453 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company's stock.

Insiders Place Their Bets

In other Federated Hermes news, VP Paul A. Uhlman sold 6,057 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $42.14, for a total value of $255,241.98. Following the transaction, the vice president owned 316,930 shares of the company's stock, valued at approximately $13,355,430.20. This represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.80% of the company's stock.

Federated Hermes Stock Up 0.0%

Shares of FHI stock traded up $0.01 during mid-day trading on Monday, hitting $45.55. The company's stock had a trading volume of 431,604 shares, compared to its average volume of 735,295. Federated Hermes, Inc. has a 52-week low of $31.94 and a 52-week high of $46.15. The business has a 50-day moving average price of $42.63 and a 200 day moving average price of $40.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.35 and a current ratio of 3.04. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 0.86 and a beta of 0.78.

Federated Hermes (NYSE:FHI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.19. Federated Hermes had a return on equity of 32.17% and a net margin of 17.74%. The company had revenue of $423.54 million during the quarter, compared to analysts' expectations of $425.43 million. During the same quarter in the prior year, the business earned $0.89 earnings per share. Federated Hermes's revenue for the quarter was up 6.8% compared to the same quarter last year. Research analysts predict that Federated Hermes, Inc. will post 4.04 EPS for the current fiscal year.

Federated Hermes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were issued a $0.34 dividend. This is an increase from Federated Hermes's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.36 dividend on an annualized basis and a yield of 2.99%. Federated Hermes's dividend payout ratio is currently 38.31%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FHI. TD Cowen cut Federated Hermes from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Royal Bank Of Canada raised their target price on Federated Hermes from $37.00 to $43.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Evercore ISI increased their price target on Federated Hermes from $38.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, Wall Street Zen upgraded Federated Hermes from a "buy" rating to a "strong-buy" rating in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $42.33.

Federated Hermes Profile

Federated Hermes, Inc is a publicly owned investment manager. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.